As of 10/02/2024, 25 days left on the auction – Current Bid $295K

I couldn’t afford gold back then but when I was buying it in the 2000s I don’t remember the premium being so high percentage-wise. Like $300 on a proof set. My theory was that it was worth the small markup since numismatic proof gold would not be subject to government confiscation. But when premiums went up I stopped buying, and traded my proofs for bullion. My LCD offered me $315 per ounce over melt, while APMEX offered me $5 per ounce under melt for them!

Kaiser, I just saw this note of yours. I suppose depending on who or what entity is calculating the inflation rate. The government has notoriously manipulated inflation numbers over the years so I would say gold is probably the best barometer regarding calculating inflation and it is reflected in its price. Using an average of $380 gold price in 1986, the 1986 $550 proof price is about a 45% premium charge. Using that premium estimate would put todays us mint proof gold at about $3,800 or so. Currently 2024 gold proof is $3,500. Such a deal. I may buy two of them.

Rick, Thanks again for the info – I had missed the extended story when first looking at the link. Wow! I was unaware that there were so many other no-S errors out there.

Sam I’m a learner as well, and fairly new to the hobby compared to the many collector veterans here, and thanks!

Rick,

Thanks for the education! One of my reasons for participating on this forum is being able to tap into the brains of collectors who are far more knowledgeable than me. How else can I learn?

Interesting, CAC made an exception here, and understandably so.
Normally they only accept dimes up to 1945…
As I’ve said before, they like the old stuff!

$850k hammer is s my guess!..

https://www.cacgrading.com/stickering/coins-accepted

Because it is a proof struck coin, only proofs came in the “S” proof sets from the mint? They are also selling the remaining proof set along with this rarity. When the P mint sent the dies to S they mistakenly sent a P die instead of the S die? Whatever the case may be they caught this one early compared to the other ‘no S’ examples in that story within the link.

Rick,

I’ll confess my ignorance – how was this documented as a “no S” San Francisco mint coin? How can this be distinguished from a Philly mint product?

Not a bad idea E1.
One can’t go wrong with a nice stocking stuffer like that..